“[Cassano] even went so far as to claim that he might have been able to help minimize the government’s bailout of AIG. Part of the money spent to save the company was funneled to more than a dozen banks that had taken out insurance contracts against AIG defaulting on its debt. “I think I would have negotiated a much better deal for taxpayers,” said Cassano, who left the company in March 2008 after the insurer reported more than $11 billion in losses within his division for the fourth quarter of 2007.” [CNN Money]
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Just think about the great financial legend he would have if he had done the exact opposite of his prior commercial efforts. I’m sure he has.
And I could have won a Pulitzer Prize. Sheesh, the cajones on that man.
–Z.Kouwe
If by hero you mean sandwich… Then yes. He could have been a delicious hero.
@2…please with the “cajones”. That is Spanish for “drawers”, like those found in a desk. You surely meant “conejos”.
~AIG LatAm Quant
Joe C: I just need you to tell me how to get to the time machine.
Zach K: Oh, that’s easy. You go down by the museum and stuff… It’s like- it’s, like, by the museum… Sorta by… Actually, not really. More like on the street, you go, um… Wait, let me start over. Okay, you know where the time machine is?
@5/DD – Win. Don’t know why but that had me in tears at my desk
I doubt he woulda done any worse than the braintrust @ the NY Fed…
“[Cassano] even went so far as to claim that he might have been able to help [maximize] the government’s [blowjob] of AIG. Part of the money [wasted] to save the [executives] was funneled to more than a dozen [face holes] that had taken out [death] contracts against AIG defaulting on its [marriage to Satan]. “I think I would have negotiated a much better [ass-fucking] for taxpayers,” said Cassano, who left the company [bleeding] in March 2008 after the insurer [sort of] reported more than $11 billion in losses within his division for the fourth quarter of 2007.”
@8 Fail
Go away please
Goldman, you made an error on the confirms. They are supposed to say AIG is the Buyer and Goldman is the Seller. Sorry we didn’t notice this before now.
@2 – I did win a Pulitzer Prize. I also wrote War & Peace. And had sex with Bess. Read my resume. It is all right there.
Z Kouwe
I agree with him. The man made over $300mm for himself for trades that lost taxpayers $170billion and counting. That’s more than making something out of nothing.
It’s not like any CDS/CDO/MBS/RMBS trader would have done differently in his position.
Cool story Hansel
He’s right. As the saying goes, “when you’re on your knees, it doesn’t matter if you’re sucking or blowing… .”
His violating cycling attire rules with his shades under his helmet straps. What a poser.
Anal_yst,
Posting as me @2 above is pretty weak. Yeah I knew it was you and I know where you work ;).
Was Gary Cohn testifying under oath because the BS coming out of his mouth was unbelievable.
@7
Everyone here is sick of your tired, derivative patter. Your contributions are less intelligent than a rodent with a head injury, and you seem to believe that the sheer quantity of textual faeces you release onto this site somehow makes you a worthwhile human being. Please, for the sake of us all, SHUT THE FUCK UP KOUWANAL_YST.
I need the bloody opening bell, we are dying over here!
@19, wow. Cocaine is a hell of a drug. But I have an idea, why don’t you just speak for yourself. Or an even better idea, GTFO.
This ass clown is unbelievable! It really IS impossible to find a single trader who ever had a losing trade. How did we end up with the financial crisis anyway????!!!
@17
@2 wasn’t me, and if that’s really you, Zach, I’ve moved on, you should, too.
You know what actually I think if you put the right glasses on Steve Buscemi he’d make a great Cassano.
Why this guy isn’t behind bars is a mystery and a crying shame.